The exchange rate of the Lebanese pound fell to an unprecedented level against the dollar on the black market, reaching 22,000 for the first time.

This comes after Saad Hariri apologized for the task of forming a new government after a meeting with the country's president.

The recent decline in the exchange rate of the lira against the dollar has accelerated in conjunction with an unprecedented living crisis, a shortage of basic commodities, medicine, fuel and power outages.

It is noteworthy that the World Bank warned early last month that the economic situation of Lebanon places it among the 10 worst global crises since the mid-19th century.